Enacted Budget – Fiscal Year 2025
On June 30, the Financial Oversight and Management Board for Puerto Rico approved the fiscal 2025 budget. The total budget for fiscal 2025 is $33.3 billion, an increase of $2.2 billion, or 7.3 percent, from fiscal 2024. General fund spending in the fiscal 2025 budget totals $13.1 billion an increase of $322 million, or 2.5 percent, from fiscal 2024 levels.
The budget makes strategic allocations of resources to meet the needs of citizens and ensure the government’s fiscal stability. It makes investments in education, health, and infrastructure. The budget includes the following allocations from the general fund: $21 million for the Educational Decentralization and Regional Autonomy Initiative; $5 million for the comprehensive plan for social reconstruction and prevention of violence in Puerto Rico; $70 million to provide housing for seniors in state custody; $61.5 million to provide financing to the Extraordinary Fund to resolve the collection and disposal of waste and to implement recycling program in municipalities; and $11.4 million to the Department of Education for repairs and maintenance. The budget also includes a total of $5.6 billion for payroll and related costs and $2.6 billion for payments to all retired employees.